1,658 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Bought by TigerOak Management L.L.C.

TigerOak Management L.L.C. bought a new stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,658 shares of the financial services provider's stock, valued at approximately $883,000.

Other hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in shares of Ameriprise Financial during the 3rd quarter worth approximately $108,000. Creative Planning boosted its position in Ameriprise Financial by 1.6% during the third quarter. Creative Planning now owns 22,571 shares of the financial services provider's stock worth $10,604,000 after purchasing an additional 348 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Ameriprise Financial by 8.8% in the third quarter. Global Retirement Partners LLC now owns 3,732 shares of the financial services provider's stock valued at $1,753,000 after purchasing an additional 301 shares during the last quarter. Bar Harbor Wealth Management bought a new position in shares of Ameriprise Financial in the third quarter valued at about $211,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Ameriprise Financial by 11.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,906 shares of the financial services provider's stock worth $5,124,000 after buying an additional 1,159 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total value of $523,120.00. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at approximately $5,231,200. This represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the sale, the chief executive officer now directly owns 14,023 shares in the company, valued at $7,576,486.67. This trade represents a 29.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Ameriprise Financial Price Performance

NYSE AMP traded up $1.78 during midday trading on Wednesday, hitting $548.84. The company had a trading volume of 447,313 shares, compared to its average volume of 557,325. The firm has a 50-day moving average price of $541.06 and a 200-day moving average price of $508.17. The company has a market capitalization of $53.24 billion, a PE ratio of 16.60, a P/E/G ratio of 1.19 and a beta of 1.36. The company has a current ratio of 0.59, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating analysts' consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. As a group, analysts anticipate that Ameriprise Financial, Inc. will post 38.55 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, February 10th. Ameriprise Financial's dividend payout ratio (DPR) is presently 17.91%.

Wall Street Analysts Forecast Growth

AMP has been the topic of a number of research reports. Piper Sandler upped their price target on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $625.00 target price on shares of Ameriprise Financial in a research report on Monday, February 3rd. UBS Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on Ameriprise Financial from $560.00 to $570.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $510.44.

About Ameriprise Financial

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.